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<br />Conservation Easements Capital Project ($93,000) - Project # 20006
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<br />Revenues for this project:
<br /> Current
<br />FY 2017-18
<br />FY 2017-18
<br />Amendment
<br />FY 2017-18
<br />Revised
<br />Alternative Financing $1,340,632 $93,000 $1,433,632
<br />From General Fund $696,521 $0 $696,521
<br />Donations $1,020 $0 $1,020
<br />NC Agriculture Development
<br />Grant $135,480 $0 $135,480
<br />Eno River Association $252,843 $0 $252,843
<br />Upper Neuse Clean Water
<br />Initiative $54,000 $0 $54,000
<br />NC Conservation Reserve
<br />Program $18,800 $0 $18,800
<br />Contribution from Hillsborough $6,157 $0 $6,157
<br />USDA Farmland Protection $1,436,000 $0 $1,436,000
<br />Total Project Funding $3,941,453 $93,000 $4,034,453
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<br /> Appropriated for this project:
<br /> Current FY
<br />2017-18
<br />FY 2017-18
<br />Amendment
<br />FY 2017-18
<br />Revised
<br />Conservation Easements $3,941,453 $93,000 $4,034,453
<br />Total Costs $3,941,453 $93,000 $4,034,453
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<br />SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is applicable
<br />to this item:
<br />• GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY
<br />The creation and preservation of infrastructure, policies, programs and funding
<br />necessary for residents to provide shelter, food, clothing and medical care for
<br />themselves and their dependents.
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<br />This farm conservation easement will help ensure that this prime farmland remains available
<br />for cultivation and food production, helping to provide healthy local food to County residents
<br />and others.
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<br />RECOMMENDATION: The Manager recommends the Board adopt and authorize the Chair
<br />to sign the resolution approving the acceptance by Orange County of the conservation
<br />easement, authorize the Chair and the Clerk to sign the conservation easement agreement,
<br />subject to final review by staff and County Attorney, with a closing and recordation of the
<br />document expected to occur on or about November 30, 2017, and approve Budget
<br />Amendment #3-A.
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